Jul 25, 12:20 AM EDT

Japan sees trade surplus in June as imports drop 19 percent


Multimedia
Archery on horseback still draws crowd
Ainu Rebels reclaim cultural pride
Japanese defend whaling tradition
Japan deals with 'Minimata Disease'
Latest News
The Latest: Hearses arrive at site of Japan knife attack

Letter foretold Japan rampage that killed 19 disabled people

Mass killings rare in Japan, but have happened before

Knife attack at home for disabled in Japan stuns neighbors

Japan sees trade surplus in June as imports drop 19 percent

TOKYO (AP) -- Japan reports it posted a better-than-expected trade surplus in June, as imports fell nearly 19 percent, outpacing a more modest decline in exports.

The customs data reported Monday showed a 692.8 billion yen ($6.5 billion) surplus, compared with a 60.9 billion yen deficit in June 2015.

Economists had forecasts larger declines for both imports and exports, which could suffer with the recent strengthening of the Japanese yen against the U.S. dollar.

Japan's exports to the U.S., its biggest overseas market, fell 6.5 percent in June from a year earlier, while exports to China, its largest trading partner, dropped 10 percent.

Shipments of vehicles, chemicals and machinery fell year-on-year. At the same time, imports of oil, coal and gas dropped by over a third in value, in part reflecting lower prices.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.